Pentagon to cut FY-26 budget by $50B to re-invest in new priorities

By Tony Bertuca / February 19, 2025 at 6:32 PM
(Editor's Note: This story has been updated to reflect additional information from a senior defense official.) The Defense Department is developing a $50 billion list of budget "offsets" that can be cut from the unreleased fiscal year 2026 spending request and re-invested in new priorities like Iron Dome for America and border security, exempting more than a dozen areas from the review like collaborative combat aircraft, Virginia-class submarines and one-way autonomous drones. The offsets account for about 8% of...

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